Wagaman (postcode 0810) is a smaller residential area in Northern Territory within the Darwin local government area. With a population of 2,023, the suburb has a blend of families and working-age professionals with a median age of 35. Households earn a median income of $108K per year, with an average household size of 3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% year-on-year at the LGA level. NT employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NT also had 4 Commonwealth-backed major projects under construction, 3 underway, and 5 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are Australian, English, Greek.
Wagaman has a median house price of $470,000, which has dropped significantly by 13% year-on-year. The median weekly rent is $340 (Census 2021). This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,820.
Wagaman is served by 1 school, including 1 primary. The average ICSEA score is 944, which is below the national average of 1,000. Public transport access includes 7 bus stops.
Looking at the investment signals, Gross rental yield sits at around 3.8% (moderate yield). Property prices sit below the state median ($470K/$711K), which can point to relative value. The price-to-income ratio of 4.3x is considered affordable. House prices have moved -13.0% year-on-year. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.